For individuals with disabilities, owning assets can unintentionally put Medicaid or SSI eligibility at risk. The Theresa Pooled Asset Trust provides a powerful solution—allowing individuals to preserve their assets while remaining financially eligible for essential government benefits.
What Is the Theresa Pooled Asset Trust?
The Theresa Pooled Asset Trust is a self-funded pooled special needs trust designed for individuals whose own assets or income exceed Medicaid or SSI limits. Federal law allows a special exception for pooled trusts, meaning assets placed into the trust are not counted when determining eligibility for means-tested benefits.
In New York, joining the Theresa Pooled Asset Trust allows individuals to legally shelter their assets while maintaining access to critical programs.
Who Can Benefit from the Asset Trust?
This trust is commonly used by:
- Individuals under age 65 with disabilities
- People receiving personal injury settlements
- Seniors who need to qualify for public assistance
- Applicants or recipients of Medicaid or SSI
- Individuals transitioning into long-term care or community-based services
Why Join the Theresa Pooled Asset Trust?
By placing assets into the trust:
- Medicaid and SSI eligibility can be preserved
- Trust assets are professionally managed
- Funds remain available for supplemental needs
- Individuals avoid unnecessary spend-down of life savings
Unlike third-party trusts, asset trusts do require Medicaid reimbursement upon the beneficiary’s death, with remaining funds used in accordance with trust rules and charitable purposes supporting individuals with disabilities.
Allowable Uses of Trust Funds
Trust assets may be used for:
- Housing and utility expenses
- Private care and supplemental nursing services
- Medical procedures not covered by benefits
- Transportation, travel, and entertainment
- Legal, guardian, and administrative fees
If you or a loved one need to protect assets while maintaining Medicaid or SSI eligibility, the Theresa Pooled Asset Trust can help. To explore enrollment options and eligibility, please contact us at TPT@theresafoundation.org or 1-877-391-0390. We look forward to the opportunity to work with you.
Disclaimer: The information provided above is for general informational purposes only and is not legal advice.